Morning Market Stats in 5 Minutes

Movers

Indices

• S&P 500 ETF SPY fell 0.20% to $336.62.

• Nasdaq ETF QQQ rose 0.29% to $272.65.

• Dow Jones Industrial Average ETF DIA decreased 0.30% to $279.13.

• FTSE/Xinhua China 25 ETF FXI increased 0.02% to $42.89.

• FTSE Europe ETF VGK remained unchanged at at $54.97.

Commodities

• United States Oil ETF USO remained unchanged at at $30.55.

• Gold ETF GLD remained unchanged at at $179.15.

Bonds

• 20+ Yr Treasury Bond ETF TLT fell 0.18% to $165.29.

Industries

• Retail ETF XRT increased 0.02% to $51.07.

• Energy XLE fell 0.80% to $38.27.

• Technology XLK increased 0.14% to $114.05.

• Financial XLF fell 0.71% to $25.06.

Stocks Higher

• Tesla TSLA increased 2.74% to $1597.50.

• China Unicom CHU rose 18.87% to $7.37.

• Revolve Group RVLV rose 14.83% to $22.29.

Stocks Lower

• Cisco Systems CSCO fell 10.72% to $42.95.

• ZTO Express (Cayman) ZTO fell 5.24% to $35.05.

• Varex Imaging VREX decreased 24.57% to $12.07.

Top News

• White House Advisor Kudlow Says Heavy Borrowing Is Necessary To Fight Pandemic; Says Stimulus Talks Are At 'Stalemate' https://www.benzinga.com/node/17071517

• Kandi America Partners With Wrench To Offer Luxury Mobile Repair Service For Electric Vehicles https://www.benzinga.com/node/17071374

• Piper Sandler Maintains Neutral on Murphy Oil, Raises Price Target to $15 https://www.benzinga.com/node/17071314

• RedBall Acquisition Shares Expected To Open For Trade Today; IPO Priced At $10/Share https://www.benzinga.com/node/17071567

• Tapestry shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. The stock has reversed and is now trading lower. https://www.benzinga.com/node/17068503

Upcoming Earnings

• Applied Materials AMAT will release earnings today for Q3. Last year, for the same quarter, they reported an EPS of $0.74 and revenue of $3,562,000,000. Analysts predict the revenue to be around $4,180,000,000 and the EPS to be at $0.95.

• Baidu BIDU will release earnings today for Q2. Last year, for the same quarter, they reported an EPS of $1.47 and revenue of $3,835,000,000. Analysts predict the revenue to be around $3,690,000,000 and the EPS to be at $1.37.

Earnings Recap

• Azul AZUL released earnings for Q2, better than analyst estimates. They reported an EPS of -$0.44, and revenue of 74,818,000.In the same quarter last year, they reported an earnings per share of $0.78 and revenue of $654,425,000.

• Fly Leasing FLY reported earnings today for Q2, lower than consensus estimates. They reported an earnings per share of $0.37, and sales of 79,962,000. Last year, for the same quarter, they reported an EPS of $1.92 and revenue of $147,033,000.

• WESCO International WCC released earnings for Q2, higher than analyst estimates. They reported an EPS of $1.04, and revenue of 2,087,000,000.In the same quarter last year, they reported an earnings per share of $1.45 and revenue of $2,150,000,000.

• Brookfield Asset Mgmt BAM reported earnings today for Q2, lower than consensus estimates. They reported an earnings per share of -$0.43, and sales of 12,829,000,000. Last year, for the same quarter, they reported an EPS of $0.36 and revenue of $16,924,000,000.

• Tapestry TPR reported earnings today for Q4, better than consensus estimates. They reported an earnings per share of -$0.25, and sales of 714,800,000. Last year, for the same quarter, they reported an EPS of $0.61 and revenue of $1,514,000,000.

Posted In: Morning Market StatsMarkets